Sci-tech

£52m in Bitcoin stolen after cryptocurrency exchange heist

£52m in Bitcoin stolen after cryptocurrency exchange heist”

"Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen", said the official statement.

Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.

"The incident has been reported to the relevant authorities and law enforcement and we are cooperating with them as a matter of urgency", it said.

The company did not respond to requests for comment. However, one bitcoin wallet gained more than $64 million within a matter of minutes.

Bitcoin surpassed the $16,000-mark on Wednesday. Nicehash offers a server where individuals offer computing capacity to bitcoin miners to mine bitcoins via complicated math equations in order to create blockchains, the basis for cryptocurrency.

NiceHash is a digital currency marketplace that matches people looking to sell processing time on their computers in exchange for the digital currency bitcoin. Users can also buy computer processing power from other NiceHash users. Some say they serve merely to facilitate money laundering and illicit, anonymous payments. But some users have chosen instead to keep their earnings on NiceHash.

NiceHash is only the latest cryptocurrency company to suffer a major hack in recent months. Mt. Gox shut down in February 2014, saying it lost about 850,000 bitcoins, possibly to hackers. As the outage protracted through the day, speculation swirled on social media that its digital wallet had been hacked.

Several users pointed to a Bitcoin wallet address that was opened Tuesday at 9:07pm, which went from a balance of 0.01 bitcoin, valued just over $123, to a balance of 4,655.25 bitcoin, worth $57.7 million, after the user made more than 3,000 transactions around 9:17pm.



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